Define cooperative organisation. Explain any three features of cooperative organisation.

Explanation

Cooperative organisation is a society which has its objectives for the promotion of economic interest of its members in accordance with cooperative principles.

Features of cooperative organisation:

1.Voluntary membership :- Any person of 18 years and having a common interest can become it's member and free to join and leave the society.

2.Legal status :- Registration of a co operative society is compulsory after registration a society becomes a legal entity.

3.Service motive :- There societies is formed with a service motive rather than maximisation of profit.